Electric Kick Scooter Market to Skyrocket to $4.52 Million by 2028, Reports Allied Market Research

Electric kick scooter is a motorized version of the kick scooter, powered by rechargeable batteries. It is classified as a form of micro-mobility, where the rider stands in the center. It is a flexible, versatile, eco-friendly, and trendy mode of transport. Further, it is simple to operate, convenient for all age groups, and serves as an environment-friendly means of transportation, in comparison to motored vehicles. Thus, use of e-scooters is gaining popularity in the populated cities all around the world.

Download Sample Report (Get Full Insights in PDF - 186 Pages) at: https://www.alliedmarketresearch.com/request-sample/A11326

Worldwide services such as Bird, Lime or Jump that allow users to rent e-kick scooters for a short distance, as an e-hail service via a booking app are becoming very popular. Thus, electric kick scooters have emerged as a cost-effective urban commute option in the recent times. In addition, these scooters help to tackle traffic congestion, owing to the smaller size, attain higher speeds with lesser effort, and gain from the advantages of health benefits. These factors lead to rise in popularity of electric kick scooters across the globe.

Factors such as deployment of kick scooters for shared mobility services, surge in popularity of electric vehicles, and rise in awareness regarding the environmental advantages of electric kick scooter and positive government regulations to encourage the use of electric kick scooters are expected to drive the market growth. However, high maintenance as well as the manufacturing cost and ban on use of e-kick scooter in major cities across the world hinder the market growth. Furthermore, growing R&D investments for enhanced battery technologies and rapid technological advancements in the e-kick scooters industry are expected to offer lucrative opportunities for the market growth.

For Report Customization: https://www.alliedmarketresearch.com/request-for-customization/A11326

According to the report published by Allied Market Research, the global electric kick scooter market was pegged at $2.10 billion in 2020 and is estimated to hit $4.52 billion by 2028, registering a CAGR of 12.2% from 2021 to 2028. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends.

COVID-19 Impact Analysis:

The outbreak of COVID-19 caused huge impacts on global economy, owing to total lockdown and temporary shutdown of industries across the world. Public transport tends to contain many people in one shared space, which boosts the spread of the coronavirus disease. As people reassess ground transportation options in the face of the COVID-19 pandemic, many are choosing isolated modes such as driving or biking over public transportation or ride-sharing. People are choosing electric kick scooter services to cover medium to short distances in view of health safety concerns during the outbreak.

The global electric kick scooter market is analyzed across battery type, voltage, and region. Based on battery type, the lithium Ion (Li-Ion) segment accounted for more than four-fifths of the total market share in 2020 and is expected to lead the trail by 2028. The same segment would also exhibit the fastest CAGR by 12.6% during the forecast period.

Buy Now & Get Up to 50% off on This Report: https://www.alliedmarketresearch.com/electric-kick-scooter-market/purchase-options

Based on voltage, the 25V to 50V segment contributed to more than three-fifths of the total market revenue in 2020 and is projected to rule the roost by the end of 2028. The more than 50V segment, on the other hand, would cite the fastest CAGR of 14.6% from 2021 to 2028.

Based on region, Europe held the major share in 2020, garnering more than one-third of the global market. Simultaneously, the market across LAMEA would exhibit the fastest of 15.4% throughout the forecast period. The other regions studied in the report include North America and Asia-Pacific.

The key market players analyzed in the global electric kick scooter market report include Jiangsu Xinri E-Vehicle Co., Ltd., YADEA Technology Group Co., Ltd., GOVECS AG, Niu International, Ninebot (Segway Inc.), Ningbo MYWAY Intelligent Technology Co., Ltd. (Inokim), Razor USA LLC, SWAGTRON, Xiaomi, and iconBIT. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.

Access the full summary at: https://www.alliedmarketresearch.com/electric-kick-scooter-market-A11326

Contact:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: + 1-800-792-5285
UK: +44-845-528-1300
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
help@alliedmarketresearch.com

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients' requirements is complemented with analyst support and customization requests.

This release was published on openPR.